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Offload Risks Onto The Bottom 90% And Immiseration Follows
Offload Risks Onto The Bottom 90% And Immiseration Follows
Authored by Charles Hugh Smith via OfTwoMinds blog,
The underlying story of the past 50 years has been the offloading of risk onto workers and consumers.
On my map of how the world works, we start with structures of control that distribute the good stuff--resources, assets, income and power--and the bad stuff: costs, losses and risks. As I explained in The US Economy In a Nutshell: Privatize the Gains, Socialize the Costs, the current arrangement distributes the gains to the top 10% and the costs and risks to...
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Aug 14, 2026 / Tyler Durden
Where Child Poverty Is Highest (And Lowest) In The OECD
Where Child Poverty Is Highest (And Lowest) In The OECD
Child poverty rates vary widely across OECD economies, ranging from less than 5% in Finland to nearly 30% in Costa Rica.
This visualization, via Visual Capitalist's Melissa Garside, ranks OECD countries by the share of children ages 0–17 living below the poverty line in 2023. The poverty line is defined as half the median household income of the total population, meaning the measure is relative to living standards within each country. As a result, countries with the same poverty rate can...
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Oct 12, 2026 / Tyler Durden
'No Beardos, No Weirdos': Hegseth's 'State Of The Force' Speech Shows Recruiting Up, Generals Out
'No Beardos, No Weirdos': Hegseth's 'State Of The Force' Speech Shows Recruiting Up, Generals Out
Authored by Mike Fredenburg via The Epoch Times,
Secretary of War Hegseth's Sept. 30 State of the Force speech was refreshingly blunt, but it was also extremely informative. On the blunt side of things, Hegseth let the sergeants, chiefs, and junior officers know that the U.S. military was done with the woke mindset that had been destroying its fighting power:
"We are no longer the woke department or the weak department. Simple translation of that: no fatties,...
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Jun 15, 2026 / Tyler Durden
Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan
Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan
A federal class-action lawsuit filed Monday accuses Anthropic of misleading customers about the real usage limits on its high-end Claude AI subscriptions. The suit, brought on behalf of Washington D.C. subscriber Karl Kahn and others who bought the Max 5x and Max 20x plans since April 2025, claims the company oversold how much computing power buyers would actually receive.
The lawsuit - filed Monday in the Northern District of California on behalf of Washington DC resident Karl Kahn and...
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